The average price of a new and used electric car

If you’re wondering what is the average price of an electric car?, you’ve come to the right place.

what is the average price of an electric car
Electric car

What is the average price of an electric car?

The average electric car cost hit $66,000 across the US, but it’s not all the story. The cost of electric cars in the United States hit $66,000 last month, a nearly 13% rise year on year.

Totally! Electric vehicles are a great option to guarantee longevity for your vehicle. They’re beneficial for the environment as well as your budget! Additionally, by properly maintaining your vehicle, you’ll have to pay considerably less for your vehicle each year.

The average price of electric car vs. gas car

A study conducted in 2018 by The University of Michigan’s Transportation Research Institute found that the fuel cost for electric cars was $485 per year, as opposed to $1,117 for a gas-powered vehicle.

The average price of a used electric car

The median price for utilized EVs during July of 2022 was $40,000, far over the recently proposed $25,000 EV tax credit amount. 17.9 percent of used EV sales over the last 90 days were less than $25,000. The minimum cost for second-hand EVs that Recurrent monitors (including lots of 2022 models similar to “used” cars) are $29.400.

The average price to charge an electric car

If electricity is priced at C/10.7 per kWh, the vehicle uses 27 kWh for 100 miles. The price per mile will be around $0.03. If electricity is priced at C/10.7 per kilowatt-hour, then charging an electric vehicle with 200 miles of range (assuming that it has a fully charged battery of 54 kWh) will cost around $6 to get to a full charge.

The average cost of a non-electric car

The average car price is at a record of $47,000 through 2022. At the end of 2021, a typical car’s price reached just over

$47,000, the highest amount ever recorded due to the COVID-19 pandemic affecting people worldwide. Full-size trucks accounted for the majority of the rise with a 12% increase…

Read also: When car prices will go down?

10 Electric vehicles for any budget in 2022



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